Risk Quotient of Remodeling Grand Rapids MI

Remodeling is a risky business. It's a minefield of permits and inspections, hazardous material testing and remediation, and safety concerns.

Local Companies

Decker Construction
616-554-8800
4345 44th St.
Grand Rapids, MI
Four Seasons Contracting
616-677-5020
11759 24th Ave.
Marne, MI
Petra Cast Stone
616-308-8495
5220 13 Mile Road NE
Rockford, MI
Westside Waterproofing
616-895-5908
5974 Polk
Hudsonville, MI
Forest Hills Homes
(616) 940-9015
Grand Rapids, MI
Jack Murray Painting
(616) 452-4199
Grand Rapids, MI
Btr Construction
(616) 454-5588
314 Straight Ave SW
Grand Rapids, MI
Cosmopolitan Group
(616) 454-7201
937 Leonard St NW
Grand Rapids, MI
Hammerhead Builders
(616) 454-7201
937 Leonard St NW Apt 1
Grand Rapids, MI
C & R Contracting
(616) 363-3483
1290 Brynell Ct NE
Grand Rapids, MI


Remodeling is a risky business. It's a minefield of permits and inspections, hazardous material testing and remediation, and safety concerns. In addition to managing the complex processes of project design, resource scheduling, and product selection and installation, remodelers have to establish and maintain client relationships that are often the most fragile commodity on the site. The slightest irregularity -- delayed delivery of a special order, slight imperfections in finish materials, misunderstandings over contract language -- can trigger a chain reaction of client emotion that quickly escalates from disappointment and annoyance to stubborn anger and even rage.

Is the risk worth it? For most remodelers, there's a lot of satisfaction in avoiding all the pitfalls, producing a product of enduring value, and building lasting relationships with customers. But real financial risk has to be balanced by real financial reward. We need to know we're being adequately compensated for the risk we assume.

One measurement is what Les Cunningham of Business Networks calls the "risk quotient." It's part of a "Crucial Data" report all of his clients receive at their semi-annual meetings, and it's calculated with this simple formula:

Risk Quotient = Produced Gross Sales/Owner's Total Compensation

Cunningham uses the risk quotient, along with a dozen or so other ratios, to help his remodeler clients understand the effects growth can have on their financial well-being. Most remo

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Featured Local Company

Decker Construction

616-554-8800
4345 44th St.
Grand Rapids, MI
http:\\deckercon.com

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